On March 1, Apple will start charging an extra $20 for battery replacements on out-of-warranty iPhones, according to an update on the AppleCare+ webpage

The new price will be $99 for the iPhone 14, and while these models are currently under warranty, they won't be after the one-year anniversary of their release in September 2023. 

At that point, the higher price point could encourage customers with broken batteries to simply buy a new phone rather than shell out nearly $100 for a replacement part. 

Apple has adjusted prices multiple times in recent years, as supply chain issues have raised production costs. Just last month, labor unrest at an iPhone supplier in China led to a production shortfall. The company struggled with similar disruptions throughout the pandemic.  

There is also a history of consumers pushing back against Apple's practices around batteries. The company in 2020 was forced to pay $113 million in fines to settle consumer fraud lawsuits around a controversy known as "batterygate," in which iPhone users discovered that Apple installed new software that made devices with older batteries operate slower. 

In addition, CEO Tim Cook in 2019 wrote in a letter to investors  that "some customers taking advantage of significantly reduced pricing for iPhone battery replacements" was partly behind a lower-than-expected iPhone sales.  

Share:
More In Technology
How Beyond Meat Goes From Plant to Plate
Cheddar's Michelle Castillo visits the Beyond Meat Innovation Center in El Segundo, California, to learn more about the process of turning plant proteins into something more like meat.
Paper Raises $270 Million Series D to Further Democratize Access to Academic Support
Online tutoring service Paper recently raised $270 million in a Series D funding round. Paper says its online platform serves nearly two million students and offers unlimited, 24/7 academic support via its multilingual tutors. The company partners directly with school districts instead of families, and says this allows it to provide personalized tutoring to all students regardless of their socioeconomic status. Philip Culter, co-founder and CEO of Paper, joined Cheddar News' Closing Bell to discuss.
Texas Sues Meta Over Facial Recognition
Texas is suing Meta over its use of facial recognition. Attorney General Ken Paxton filed a lawsuit against the social media giant, alleging it illegally collected data on users without their consent, violating the state's privacy laws. Daniel Newman, Futurum Research founding partner & principal analyst, breaks down Texas' allegations and what it means for Meta moving forward.
Alchemy Eyeing Expansion After $200 Million Raise
Nikil Viswanathan, Co-Founder and CEO of Alchemy, joins Cheddar News' Closing Bell, where he says his company has tripled its business over the past several months and that it will be heavily investing into global expansion following its $200 million funding round.
Load More